Few crumbs of comfort for the cake shop mastermind

Ben Marlow Follow 13 October 2018 • 8:30pm Conspiracy or cock-up? Company doctors say that a corporate car crash is usually the result of one or the other, rarely both. How unfortunate then, that Patisserie Valerie, the cake shop where serial entrepreneur Luke Johnson is both executive chairman and the biggest shareholder, appears to have been the victim of both. An accounting scandal and suspected fraud has threatened to reduce the fancy baker to a pile of crumbs and only an immediate cash injection has been able to pull it back from the brink. The speed with which the chain has unravelled is shocking. At the start of the week, all seemed fine. More than that in fact. Patisserie Valerie has been one of the star performers of the junior… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free Register for free to continue reading this article Register Or unlock all Premium articles, free for 30 days Start trial Already have an account? Login Want to learn more? View all subscriptions